Only two weeks ago we were amazed to see a large bitcoin donation of over 2.3 BTCs, worth €30,000 (£27,000) and asked ourselves where this donation might originate from. There had been different ideas, but we’re still clueless.
Some suggested that this was the Pineapple Fund donating to us. But only today we learned it wasn’t them as we received a second donation, this time indeed from them. They sent us the amazing amount of 18 Bitcoins, currently worth over €200,000! Yay!
What is the Pineapple Fund?
The Pineapple Fund was created by an anonymous (privacy-loving) person that goes by the username Pine who invested in the really early days of Bitcoin, and is now one of the 250 richest bitcoin holders. They generously decided to establish the Pineapple Fund, as “once you have enough money, money doesn’t matter” and to donate $86 million worth of Bitcoins to all kind of charitable organizations. Read more about their mission statement on pineapplefund.org. If you scroll down a bit you’ll find a list of organizations that already got a donation and the list now contains our project as well. They also link to different news covering their story.
What is Bitcoin?
Bitcoin is a cryptocurrency and an innovative digital payment network which started back in 2009. It is based on cryptography to secure any payments and has a public ledger to document any payments made. As it is based on a public peer-to-peer network, anyone can participate and no central server or instance is needed.
Bitcoin received broader media attention lately as the fiat exchange rates have risen by some hundreds of percents last year, making one Bitcoin worth more than €10,000 as of today.
For more details you may want to have a look at bitcoin.org, which also features a nice introductory video.
The Pineapple Fund explained on reddit that “$250k go to OpenStreetMap, because geographic data for our world should be freely available, without restrictions”. OpenStreetMap was started because most maps you think of as free actually have legal or technical restrictions on their use, holding back people from using them in creative, productive, or unexpected ways. We aim to make the best map data set of the world, read the OpenStreetMap Foundation’s mission statement.
A big thank you to the anonymous donor two weeks ago and a special thank you to the Pineapple Fund, both generously supporting our project!
You can help OpenStreetMap too
If you’re considering donating yourself, here’s our Bitcoin address! You can donate via other methods. You can also help by mapping! Go to www.openstreetmap.org, create a free account and start mapping your neighbourhood. Let’s make the best map of the world together!